#Brent #Nasdaq Hosting the final highland games of the season at the end of August, our part of Argyll generally also signals something else. Quite literally, the day after the highland games end, there’s generally a change in the weather with winter making itself felt. This year and last, the pandemic inspired absence of ‘the games’ has seen something new. Neither torrential rain nor frosts appeared, perhaps proving climate change innocent but instead, it’s all the fault of the Cowal Games. We had a great holiday weekend!
Relying on indicators, while fraught with danger, also involves relying on common sense, especially when dealing with the markets. Natwest Plc finally broke above their Blue longer term downtrend, the share price enthusiastically celebrating by failing to reach our (previous) initial breakout target of 226p. Does this imply inherent weakness or perhaps, something else?
The chart below shows how the share price has performed during August. Critically, despite a plunge to 209p, the last three weeks has seen the share fail to close below the point of the break of the Blue downtrend. Our in-house rules suggest it’s now ‘just’ a matter of time until the share reaches its target level. The current situation suggests movements above 220p should next head toward 229p with our longer term secondary still presenting 251p as a viable ambition.
Of course, the other implication of these dance steps will be of a share price executing a series of ‘higher highs’ with the result our Big Picture scenario can be adjusted slightly for those blessed with infinite patience (or more probably, trapped at higher levels due to 10:1 share price consolidation) at 332p. This, of course, is really a dismal 33.2p in old money.
For now, we’re mildly optimistic for the future. Though it may just be due to the Cowal Games not taking place. At least we’d also the distraction of the weekends Belgian F1 for light relief… As predicted, the Belgian driver was declared winner, awarded points, without actually competing in a race!
Trends and Targets. Past performance is not a reliable indicator of future results.
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FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 10:53:50PM | BRENT | 72.08 | 71 | 70.445 | 69.7 | 72.2 | 72.78 | 75.35 | 78.89 | 69.57 |
| 10:55:39PM | GOLD | 1810.83 | ||||||||
| 10:57:39PM | FTSE | 7163.98 | ||||||||
| 10:59:36PM | FRANCE | 6681.7 | ||||||||
| 11:01:55PM | GERMANY | 15900.32 | ||||||||
| 11:04:52PM | US500 | 4533.12 | ||||||||
| 11:06:17PM | DOW | 35412.7 | ||||||||
| 11:09:27PM | NASDAQ | 15608 | 15425 | 15350 | 15259 | 15499 | 15623 | 15631 | 15660 | 15570 |
| 11:12:07PM | JAPAN | 27703 |
27/08/2021 FTSE Closed at 7148 points. Change of 0.34%. Total value traded through LSE was: £ 4,211,324,881 a change of 13.85%
26/08/2021 FTSE Closed at 7124 points. Change of -0.36%. Total value traded through LSE was: £ 3,698,877,507 a change of -14%
25/08/2021 FTSE Closed at 7150 points. Change of 0.35%. Total value traded through LSE was: £ 4,301,236,714 a change of -11.3%
24/08/2021 FTSE Closed at 7125 points. Change of 0.23%. Total value traded through LSE was: £ 4,849,105,310 a change of 11.85%
23/08/2021 FTSE Closed at 7109 points. Change of 0.31%. Total value traded through LSE was: £ 4,335,174,689 a change of -8.49%
20/08/2021 FTSE Closed at 7087 points. Change of 0.41%. Total value traded through LSE was: £ 4,737,378,456 a change of -4.32%
19/08/2021 FTSE Closed at 7058 points. Change of -1.55%. Total value traded through LSE was: £ 4,951,507,181 a change of -2.94%
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:AVCT Avacta** **LSE:CNA Centrica** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:ODX Omega Diags** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:RBD Reabold Resources PLC** **LSE:TSCO Tesco** **
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Updated charts published on : Avacta, Centrica, EasyJet, Fresnillo, Omega Diags, Oxford Instruments, Parkmead, Reabold Resources PLC, Tesco,
LSE:AVCT Avacta Close Mid-Price: 122 Percentage Change: -7.58% Day High: 130.5 Day Low: 121
This continues to be all over the place and we suspect it now intends a bo ……..
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View Previous Avacta & Big Picture ***
LSE:CNA Centrica Close Mid-Price: 51.2 Percentage Change: -0.43% Day High: 51.74 Day Low: 51.06
Almost at the point of interesting, Centrica need only exceed 52p to give ……..
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View Previous Centrica & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 809 Percentage Change: -0.34% Day High: 814.4 Day Low: 793.2
The immediate visuals are something of a concern. Below 790 indicates the ……..
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View Previous EasyJet & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 845.8 Percentage Change: + 1.12% Day High: 852.2 Day Low: 838.8
Continued trades against FRES with a mid-price ABOVE 852.2 should improve ……..
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View Previous Fresnillo & Big Picture ***
LSE:ODX Omega Diags. Close Mid-Price: 55.5 Percentage Change: + 6.73% Day High: 58 Day Low: 52
Target met. All Omega Diags needs are mid-price trades ABOVE 58 to improv ……..
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View Previous Omega Diags & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2680 Percentage Change: + 2.49% Day High: 2690 Day Low: 2575
Target met. Continued trades against OXIG with a mid-price ABOVE 2690 sho ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:PMG Parkmead Close Mid-Price: 41.5 Percentage Change: -2.92% Day High: 42 Day Low: 41.5
Weakness on Parkmead below 41.5 will invariably lead to 39p. If broken, o ……..
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View Previous Parkmead & Big Picture ***
LSE:RBD Reabold Resources PLC Close Mid-Price: 0.32 Percentage Change: -14.86% Day High: 0.37 Day Low: 0.3
Continued weakness against RBD taking the price below 0.3 calculates as l ……..
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View Previous Reabold Resources PLC & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 254.85 Percentage Change: + 0.73% Day High: 258.2 Day Low: 254.2
Continued trades against TSCO with a mid-price ABOVE 258.2 should improve ……..
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View Previous Tesco & Big Picture ***